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Finance & Economy

Hyundai Heavy raises $935 mln after pricing IPO at the top of the range

South Korean shipbuilder Hyundai Heavy Industries has raised $935 million after pricing its IPO at the top of its indicative range, with much of...

Navios Maritime Holdings Sees 48% Revenue Growth In Q2

Navios Maritime Holdings Inc., a global seaborne shipping and logistics company, reported financial results for the second quarter and six months ended June 30,...

GSL Announces Repurchase of 521,650 Common Shares and Purchase of 2.5 Million Common Shares by Insiders

Global Ship Lease announced that B. Riley has purchased 3 million Class A common shares from Kelso at a price of $19.17 per share,...

BW Offshore completes Barossa FPSO debt financing

BW Offshore announced the completion of the USD 1.150 billion project debt financing for the construction and operation of the FPSO for the Barossa...

CMA CGM: Record $3.5bn profit in second quarter

CMA CGM has posted a 2,500% increase in its net profit, to $3.5bn, for the second quarter, compared with the same period of last...

Euronav announces fixed income investor calls

Euronav mandated DNB Markets, Nordea and Arctic Securities AS to arrange a series of fixed income investor calls commencing on 30th August 2021. A...

Höegh LNG posts USD 87 million total income in Q2

Höegh LNG Holdings and its subsidiaries reported a total income of USD 87 million for the second quarter of 2021, compared with USD 84...

Navios Partners Announces Merger with Navios Acquisition

Navios Partners, an international owner and operator of dry cargo vessels, and Navios Acquisition, an international owner and operator of tanker vessels, announced a...

Sovcomflot exits dry bulk sector

PAO Sovcomflot (SCF Group), a global leader in marine energy transportation services, released its Condensed Consolidated Interim Financial Statements for the periods ended 30...

Golden Ocean Group posts big profit in strong dry bulk market

Golden Ocean Group Limited, a leading dry bulk shipping company, announced its results for the quarter ended June 30, 2021. Highlights • Net income of $104.5...

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UK P&I Club and TT Club announce the successful completion of their joint acquisition of the Thomas Miller Holdings group

The UK P&I Club and TT Club announced the successful completion of their joint acquisition of the Thomas Miller Holdings group, marking a major...

Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

Panama Canal reports growth in transits and tonnage in fiscal year 2026

The Panama Canal recorded growth in both vessel transits and tonnage in Fiscal Year...

Trump’s plan to revive sanctioned tankers faces tough sell

A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...